Cibc World Market Inc. Has $163.56 Million Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Cibc World Market Inc. boosted its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 65.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 323,338 shares of the healthcare conglomerate’s stock after acquiring an additional 128,447 shares during the quarter. Cibc World Market Inc.’s holdings in UnitedHealth Group were worth $163,564,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UNH. Quarry LP lifted its holdings in shares of UnitedHealth Group by 132.1% during the second quarter. Quarry LP now owns 65 shares of the healthcare conglomerate’s stock worth $33,000 after buying an additional 37 shares in the last quarter. Anchor Investment Management LLC grew its holdings in shares of UnitedHealth Group by 9.5% during the second quarter. Anchor Investment Management LLC now owns 22,182 shares of the healthcare conglomerate’s stock worth $11,297,000 after purchasing an additional 1,920 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of UnitedHealth Group by 76.9% during the second quarter. Centaurus Financial Inc. now owns 6,343 shares of the healthcare conglomerate’s stock worth $3,230,000 after purchasing an additional 2,757 shares during the last quarter. Greater Midwest Financial Group LLC boosted its holdings in UnitedHealth Group by 5.0% in the second quarter. Greater Midwest Financial Group LLC now owns 4,510 shares of the healthcare conglomerate’s stock valued at $2,297,000 after acquiring an additional 214 shares during the last quarter. Finally, Ashburton Jersey Ltd acquired a new position in shares of UnitedHealth Group during the second quarter valued at about $139,000. Institutional investors own 87.86% of the company’s stock.

Insider Buying and Selling at UnitedHealth Group

In other UnitedHealth Group news, Director Timothy Patrick Flynn bought 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $511.57 per share, for a total transaction of $511,570.00. Following the completion of the purchase, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $2,302,065. This trade represents a 28.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UNH shares. Morgan Stanley reduced their target price on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. TD Cowen raised their target price on shares of UnitedHealth Group from $601.00 to $609.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Piper Sandler lowered their price objective on shares of UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. KeyCorp restated an “overweight” rating and set a $650.00 target price on shares of UnitedHealth Group in a research report on Friday, January 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $700.00 target price on shares of UnitedHealth Group in a report on Friday, January 17th. One analyst has rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, UnitedHealth Group currently has a consensus rating of “Buy” and an average target price of $629.32.

UnitedHealth Group Trading Up 1.3 %

Shares of UnitedHealth Group stock opened at $545.29 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. The firm has a market cap of $501.82 billion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 1.46 and a beta of 0.62. The business has a fifty day simple moving average of $538.18 and a 200-day simple moving average of $565.09. UnitedHealth Group Incorporated has a fifty-two week low of $436.38 and a fifty-two week high of $630.73.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $100.81 billion during the quarter, compared to the consensus estimate of $101.60 billion. During the same quarter in the prior year, the company posted $5.83 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. On average, equities analysts forecast that UnitedHealth Group Incorporated will post 29.64 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were issued a dividend of $2.10 per share. The ex-dividend date was Monday, December 9th. This represents a $8.40 annualized dividend and a yield of 1.54%. UnitedHealth Group’s dividend payout ratio is presently 54.19%.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.